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GSWM

Golden State Wealth Management Portfolio holdings

AUM $1.1B
1-Year Est. Return 27.5%
This Fund
S&P 500
This Quarter Est. Return
+7.1%
1 Year Est. Return
+27.5%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$523M
AUM Growth
+$220M
Cap. Flow
+$199M
Cap. Flow %
37.97%
Top 10 Hldgs %
85.3%
Holding
1,126
New
15
Increased
16
Reduced
23
Closed
1,071

Top Buys

Rank Stock Value
1
SCHB icon
Schwab US Broad Market ETF
SCHB
+$56.5M
2
FTA icon
First Trust Large Cap Value AlphaDEX Fund
FTA
+$54M
3
JPUS
JPMorgan Diversified Return US Equity ETF
JPUS
+$52.2M
4
QQQ icon
Invesco QQQ Trust
QQQ
+$51.2M
5
SCHE icon
Schwab Emerging Markets Equity ETF
SCHE
+$49.8M

Top Sells

Rank Stock Value
1
AGG icon
iShares Core US Aggregate Bond ETF
AGG
+$28.3M
2
IVV icon
iShares Core S&P 500 ETF
IVV
+$11.3M
3
CFA icon
VictoryShares US 500 Volatility Wtd ETF
CFA
+$9.26M
4
AAPL icon
Apple
AAPL
+$7.65M
5
VNLA icon
Janus Henderson Short Duration Income ETF
VNLA
+$6.1M

Sector Composition

Rank Sector Weight
1 Technology 0.94%
2 Industrials 0.85%
3 Financials 0.19%
4 Real Estate 0.16%
5 Consumer Staples 0.16%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
JNK icon
526
State Street SPDR Bloomberg High Yield Bond ETF
JNK
$6.92B
– –
-146
Closed -$16K
JPI
527
DELISTED
Nuveen Preferred Securities & Income Opportunities Fund
JPI
– –
-2,195
Closed -$54K
JPM icon
528
CALL
JPMorgan Chase
JPM
$953B
– –
-13
Closed -$4K
JWN
529
DELISTED
Nordstrom
JWN
– –
-90
Closed -$3K
K
530
DELISTED
Kellanova
K
– –
-53
Closed -$3K
KBE icon
531
State Street SPDR S&P Bank ETF
KBE
$1.66B
– –
-100
Closed -$4K
KBR icon
532
KBR
KBR
$4.78B
– –
-201
Closed -$5K
KDP icon
533
Keurig Dr Pepper
KDP
$41B
– –
-115
Closed -$3K
KEY icon
534
KeyCorp
KEY
$24.4B
– –
-1,731
Closed -$31K
KEYS icon
535
Keysight
KEYS
$58.1B
– –
-412
Closed -$40K
KGC icon
536
Kinross Gold
KGC
$32.5B
– –
-359
Closed -$2K
KHC icon
537
Kraft Heinz
KHC
$30B
– –
-7,135
Closed -$199K
KIM icon
538
Kimco Realty
KIM
$16.4B
– –
-1,321
Closed -$28K
KKR icon
539
KKR & Co
KKR
$92.8B
– –
-4,595
Closed -$123K
KMB icon
540
Kimberly-Clark
KMB
$36.5B
– –
-368
Closed -$52K
KMI icon
541
Kinder Morgan
KMI
$68.7B
– –
-1,929
Closed -$40K
KPRX icon
542
Kiora Pharmaceuticals
KPRX
$11.7M
– –
-5
Closed -$6K
KR icon
543
Kroger
KR
$34.7B
– –
-545
Closed -$14K
KTB icon
544
Kontoor Brands
KTB
$4.3B
– –
-76
Closed -$3K
KWEB icon
545
KraneShares CSI China Internet ETF
KWEB
$5.67B
– –
-250
Closed -$10K
KYN icon
546
Kayne Anderson Energy Infrastructure Fund
KYN
$2.39B
– –
-500
Closed -$7K
L icon
547
Loews
L
$23.6B
– –
-900
Closed -$46K
LADR
548
Ladder Capital
LADR
$1.24B
– –
-2,089
Closed -$36K
LAND
549
Gladstone Land Corp
LAND
$363M
– –
-8,630
Closed -$103K
LEA icon
550
Lear
LEA
$8.19B
– –
-337
Closed -$40K
20 21
22
23 24

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PHS
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MAM
Mark Asset Management New York $1.1B AUM 43.79% 1-Year Est. Return
KCM
Khrom Capital Management Miami Beach, Florida $1.09B AUM 14.82% 1-Year Est. Return
DAM
DLD Asset Management New York $1.1B AUM 4.68% 1-Year Est. Return
MIA
MMBG Investment Advisors Miami, Florida $1.09B AUM 30.96% 1-Year Est. Return
YL
YCG LLC Austin, Texas $1.1B AUM 4.87% 1-Year Est. Return
PWA
Pitcairn Wealth Advisors Conshohocken, Pennsylvania $1.09B AUM

Golden State Wealth Management's Q4 2019 Portfolio in Review

As of Q4 2019, Golden State Wealth Management held 1,126 positions worth $523M, up 73% from $303M the previous quarter. Its ten largest holdings account for 85% of the portfolio.

Golden State Wealth Management deployed $199M of net new capital in Q4 2019, opening 15 new positions and adding to 16 existing holdings. Its largest new stake was Schwab US Broad Market ETF: 4,608,684 shares worth $59.1M.

By sector, the portfolio is most concentrated in Technology at 0.94% of assets, down from 5.7% a quarter earlier, followed by Industrials and Financials.

On the sell side, the largest reduction was iShares Core US Aggregate Bond ETF, an estimated $28.3M trimmed.

  • Golden State Wealth Management's largest Q4 2019 buy was Schwab US Broad Market ETF: 4,608,684 shares worth $59.1M.
  • Golden State Wealth Management added most to Invesco QQQ Trust in Q4 2019, an estimated $51.2M increase.
  • Golden State Wealth Management's biggest Q4 2019 reduction was iShares Core US Aggregate Bond ETF, cutting an estimated $28.3M.
  • Golden State Wealth Management fully exited VictoryShares US 500 Volatility Wtd ETF in Q4 2019, selling an estimated $9.26M.
  • Golden State Wealth Management's ten largest holdings make up 85% of its $523M portfolio in Q4 2019.
  • Golden State Wealth Management opened 15 new positions and closed 1,071 in Q4 2019.
  • Golden State Wealth Management's portfolio value rose 73% quarter-over-quarter to $523M.

Based on Golden State Wealth Management's 13F filing for Q4 2019, filed 13 Feb 2020.